BUSTI, N.Y. – Stateline Speedway enters its fourth consecutive weekend without a wave of the green flag.

However, a source close to the situation says Bill Catania, owner of Short Track Management, is completely out of the lease as a new operator will eventually take over.

The possibilities of opening the track this season are still unclear at this point. The Post-Journal in Jamestown, N.Y., recently reached out to Jenifer Seamens, track owner, who declined comment.

Earlier in the month, Catania released a statement confirming an insurance coverage lapse led to racing cancellations. Within the statement, Catania noted work would ensue to restore coverage for upcoming events.

Several weeks have passed as the gates remain shut. Racing events this month and in August are still in question. The season typically ends Labor Day weekend.

According to Stateline’s website, the RUSH Crate Late Model Championship event was scheduled for Saturday. The Lucas Oil Empire Super Sprint Tour is scheduled to race Aug. 1. However, the tour’s schedule shows the race at Stateline is canceled. The Russ “Shorty” Lupica 100 Lap Super Stock race is scheduled for Aug. 8.

Last year, Catania reached an agreement with Seamens Speedway Inc. to lease the property with hopes to purchase the track.

Upon reaching an agreement, Catania announced an 18-month renovation plan beginning in 2014 and continuing through the 2015 racing season. Plans included applying for a liquor license, replacing the front straight away, expanding areas for billboard signage and constructing a “Kid Zone” playground, among other ideas.

The track has a lengthy history. Stateline Speedway’s opening on July 21, 1956, brought 1,700 spectators to watch 22 drivers compete for a $1,500 purse, $300 of which went to the winner. Emory Mahan, of Warren, Pa., won the first race driving a 1955 Chevy.

In 1984, Fritz Seamens purchased the track. During his reign, weekly races saw high attendance numbers, low prices and high payouts.